(Reuters) – Sembcorp Industries has signed a deal with the eastern Indian state of Odisha to develop a green hydrogen plant and industrial park, the company backed by Singapore state-owned investor Temasek said on Friday.
Singapore-based energy and urban development company Sembcorp through its subsidiary Sembcorp Green Hydrogen India will build a facility in Odisha with a 720,000 metric tonne capacity, it said in a statement.
The project is expected to create over 2,000 jobs, the company said.
The company also said its unit Sembcorp Development will assess the potential for the development of an industrial park in Odisha.
The deal comes as India boosts investments in renewable energy to meet its 2030 clean energy target after missing its 2022 goal.
As the world’s third-largest greenhouse gas emitter, India is aiming for net-zero emissions by 2070 and a 500 gigawatts renewable energy target by 2030.
Major power producers in the country are also significantly investing in renewables to support the government’s efforts to expand clean energy and cut emissions.
(Reporting by Yagnoseni Das, Sethuraman NR in Bengaluru; Editing by Eileen Soreng)
